China’s benchmark Shanghai Composite Index (000001.SH) lost 0.32% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 1.48%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.78% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.83%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Chinese Embassy in France Plays Down Ambassador Lu’s Remarks on Ex-Soviet States
The diplomat’s comments, which cast doubt on the sovereignty of Ukraine, were ‘personal points of view,’ not policy, embassy says
· Private Equity Firm Is Said to Take Over Tomorrow-Linked Huaxia Life Assets
State-owned company forms $4.91 billion fund with 11 insurers to dispose of risk assets of business seized by Chinese regulators
· Beijing Affirms It Respects the Sovereignty of Ex-Soviet Republics
Foreign ministry answers reporter’s question about the Chinese Ambassador to France's controversial remarks that cast doubt about the legal status of former U.S.S.R. members like Ukraine
· China Moves Step Closer to Unifying Corporate Bond Market Oversight
The country’s economic planning agency will transfer supervision of a type of corporate debt to the securities regulator over the next six months
· Opinion: China’s Economic Data Points Aren’t as Strong as They Seem
The low base set in 2022 reveals that some of the economy’s surging growth this year is just on paper
· China’s Graft Investigators Probe Ex-Official Who Once Fought Illegal Fundraising
Liu Zhangjun, a former director of the department charged with rooting out illegal fundraising at the now-defunct CBRC, has been placed under investigation
· China Lodges Complaint About South Korean President’s ‘Erroneous’ Remarks on Taiwan
Chinese vice foreign minister conveys opposition to the nation’s ambassador about drawing parallels between the issues of Taiwan and the Korean Peninsula
· China-U.S. Relations Are More Complicated Than a ‘Cold War,’ Experts Say
Scholar says two dangerous trends are emerging — one, framing everything in terms of security and, two, each side seeing the other as an ideological foe when it is not the case
· JD.com Is Worst China Bet as Reopening Play Fades
After dropping 37% since the start of the year, the online retailer trails all its peers in the Hang Seng Tech Index
· Cover Story: Hubris and Heartache: Behind the Tragedy of Beijing’s Deadly Hospital Fire
The blaze killed 29 people, mostly seniors, with a probe into the hospital’s fire safety protocols holding implications for the broader industry
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